quote:Strong Increase in Gold Mined at CoolgardieCoolgardie...

quote:

Strong Increase in Gold Mined at Coolgardie
Coolgardie produced 24.8Koz of gold (up from 21.8Koz of gold) at slightly lower cash costs of $1,189/oz ($1,231/oz March Quarter); exceeding guidance. With all development activities now completed at the Tindals underground, stoping will continue for the next two quarters, before the mine is handed over to FML’s technical team to work through the next phase of development. Ore from the Greenfields open pit will replace ore from the Tindals underground, with mining to commence in the September Quarter. Processing costs at Coolgardie have also improved (down $6/t), at similar recoveries of ~95%. September Quarter guidance is ~22Koz gold, with ~8Koz gold produced in the month July.